Quote from: Wind_FURY on Today at 11:20:16 AM

Quote from: JayJuanGee on March 25, 2023, 04:51:18 PM

[edited out]

I would honestly rather be the person who had the opportunity to have learned, TRULY LEARNED, about Bitcoin during 2013 and bought with most of my savings just as I did during 2019. That would be for my main investment wallet placed in cold storage, never to be touched until "Bitcoin at six digits". Then I would DCA for small amounts placed in a hot wallet.

Yep.. .it is interesting how each of us took different approaches to our BTC investment, and we defend the approach that we took, and so in that regard, there may well be some individual particulars (rather than objectivity) that causes us to attempt to justify that what we did as the better of the approaches for our own circumstances... so in that regard, we also recommend such approach to others - the approach that we had taken.

I am kind of thinking that any reasonable delay towards investing into bitcoin would have been backed up by having some reservations about the fundamental nature of the asset and/or perhaps not having enough finances to be able to begin sooner rather than later... and generally speaking with the vast majority of foundationally sound investments, it is better to have more time in the market rather than attempting to time the market.. even though of course, in retrospect, we can many times point to examples in which there had been a subsequent dip in the price of the asset in order to justify waiting rather than getting started in investing right away.

For example, sometimes we could look at an investment and we can see that it is in the midst of a "blow off" top, yet we still do not necessarily know how long the blow off top is going to continue and we also do not know whether the price is going to correct back down into the price that we currently see.. so in some sense in order to prepare for either direction, it could well be better to just get the fuck in rather than waiting around... and yeah, there may well not need to be any ball to the walls type of an approach, but still to get some stake in the game in order to be prepared for either price direction - especially since if you do not get in at all then you are ONLY prepared for one direction (which is down)...

And, so in regard towards assessing fundamentals, any of us could look at bitcoin and attempt to categorize it as merely the same or similar to other investments that are available, and surely that could well be and continue to be a mistake that many people make when they are looking at bitcoin and they are fucking around with inaccurate comparisons, so when the time comes to invest into it, they end up playing their investment card way too timidly because they have failed/refused to adequately research into figuring out what bitcoin is.

So yeah.. do what you want.. wait if you believe that is a better approach.. advise others to wait if you believe that is a better approach, and hopefully no one is going to blame you too much because you ended up spending way too many efforts timing a dip that may or may not come..

And, perhaps one of the main differences that I am attempting to emphasize on a regular basis is to make sure that you are prepared for either direction, and you do not get sufficiently/adequately prepared for up by waiting... but yeah, you can do what you want.. and wait.. and thereby have fun staying poor.

Tongue

Quote from: Wind_FURY on Today at 11:20:16 AM

But that said, in a very long time frame, it wouldn't matter. We are not HODLing mainly because we could profit in fiat, although it's nice to see that our investment is positive.

Yes.. there are a lot of ways to fuck up in bitcoin, but if you still end up mostly accumulating and holding, you still end up profiting, and surely there are many times in which I have seen people have failed/refused to invest aggressively enough and failed/refused to protect their stash enough. I might even be a bit guilty of that myself (at least the second part) since I have lost some of my BTC towards keeping too much on exchanges, and sims attacks can be fairly brutal when they happen, even though there seems to be more awareness of sims attacks now as compared with the past, but the practice of sims attacking continues to take place a lot.. and probably is more prevalent now as compared with my early 2017 sims attack situation.